Tesco have announced plans to form a long-term 'strategic alliance' with French company Carrefour. Carrefour is one of the largest hypermarket chains in the world, operating 12,300 stores across 30 countries and employs almost 375,000 people worldwide.. @Tesco and @CarrefourGroup to create long-term strategic alliance: https://t.co/lC3FDYkVBE — Tesco News (@tesconews) July 2,...
Drive for 'pace and simplicity' results in 4600 UK job cuts Rolls Royce have announced the next stage in their 'drive for pace and simplicity', resulting in the loss of 4600 UK jobs over the next 24 months. According to Rolls Royce's official statement, this is to create a 'simpler, leaner and more...
Housebuilder Redrow have reported a pre-tax profit of £185 million for the first half of the year; an increase of 5%. Revenue rose by 9% to £970 million. The total order book was up 11% to a record £1.162 billion. As a result of Redrow's strong performance dividends will be...
Coca‑Cola HBC, a leading bottler of The Coca-Cola Company, has bought Bambi for €260m. Bambi, established in 1967, is Serbia's leading regional confectionery business, manufacturing a range of products including biscuits, wafers and savoury snacks. In 2018, Bambi recorded revenue of approx €80 million, of which more than two thirds are...

ITV online viewing up 32%

ITV plc have delivered a strong performance in 2018 with online viewing up 32%, driven by mobile devices, connected TV and streaming media players. The ITV Hub (formerly ITV Player), the online home for all of the channels' content, continues to grow rapidly. Available on...
Halma PLC (LON: HLMA) has bought Rath Communications, a provider of emergency communication in the USA, for £32.6 million. Halma, the leading safety, health and environmental technology group, will make Rath Communications part of the Group's Infrastructure Safety Sector. Andrew Williams, Halma's Chief Executive, commented: "Rath extends Halma's safety communications...
National Grid has agreed to buy Geronimo Energy, a leading clean energy developer based in Minneapolis, Minnesota for $100m, with potential further payments subject to successful development of the project pipeline. National Grid is also progressing with an agreement to acquire a 51% share in 378MW of solar and...
Princess Yachts, one of the UK's largest luxury yacht manufacturers, has recorded a record year with turnover of £340m, an increase of 24%. In the year to 31 December 2018, operating profit was up a massive 173% at £29.8m. Antony Sheriff, executive chairman of Princess Yachts, said: "I am really...
The Carphone Warehouse, owned by Dixons Carphone, have announced plans to close 92 stores this year, stating that they won’t tolerate the current performance in mobile, or as a Group. Dixons Carphone expects pre-tax profits in the year 2017-18 to be £382 million, but then fall to £300 million in 2018-19. The...
Carpetright have reported a pre-tax loss of £70 million for the year ending 28 April 2018. as the struggling retailer's revenue decreased by 3.0% to £443 million. Carpetright agreed to a Company Voluntary Arrangement (CVA) with its creditors in April and is set to close 81 of its stores. In what has been...
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